Newmark Reaches $30B Commercial Mortgage Production, Celebrates 25th Anniversary
San Francisco-based Newmark Realty Capital has reached over $30B in commercial mortgages in the western US. It also just celebrated its 25th anniversary. The company’s San Francisco office reported total production this year of over $513M as of Dec. 8. Company-wide, the firm expects to close over $2B in commercial mortgages this year, exceeding expectations for the fifth year in a row.
The San Francisco office closed several big deals this year, including $38M for 85 Bluxome, $22.9M for 555 Pacific and $11.8M for the Diablo Technology Center.
The company, established in 1991, covers the breadth of commercial real estate, including office, industrial, retail, multifamily, mixed-use, hospitality, self-storage and mobile home parks. The firm also services a commercial mortgage portfolio of $9B on behalf of institutional lenders.
Employees (above) celebrated the firm’s anniversary at the Monterey Plaza Hotel & Spa, where the firm placed a $61M loan this year.